The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-09-24
TRYING 10 oUsr MR. ERANCKLYM
The steckhelders Of tho Horn silver Mining
Company Insist on mn Accounting.

Fifty stockholders OF tho Horn Silver
Mining Company who want to Gust President
Charles q. Francklyn and Vice President Frank
G. Brown from tho management OF the COM
pany's affairs mot yesterday afternoon In tho
Offices Of whitlock 4 slmonds, represent
ing the English stockholders, at 40 Wall
street. 1t was gathering OF substantial
men. including Andrew Culver and A. y. WASH
ington, President and Treasurer OF Culyers
Coney Island road; N. G. Miller, tho big grain
man. and representative of Stephen W. Carey,
the ship owner, and others who knew Mr..
Franoklyn when he was agent Of the Cunartl
line OF steamships. and had got their faith In
tho property from Mr.. Francklyn In social In
tercourse.
Mr. Francklyn is relative of the Cunards,
and his station In English society moreover
gave him opportunities to speak Of the glores
OF owning shares in the Horn Silver Mining
Company. Now. Sir Bnclio Cunard. who owns
$4,000 shares Of the mine, and Englishmen
owning 10000 shares more. have intrustcd
thor interests to Whitlock Il 3imonds to over
throw their kinsmnn and How countryman,
has given proxies to Mr.. Washington to unite
IN tho movement to unseat MIR. Francklyn and
MIR. Brown.
There have been 100000 shares in tho prop
erty issued tc sG4 persons The par value IL
s25 q share; tho market yalue-and IT'S a
which decline was charged at yesterday s
meeting by the angry, stockholders to be due
to the management OF Mr. Francklyn and MIR.
Alexander b. simonds presided at the meet
Ing He stated to the assembled shareholders
nnrd and his $4,000 slpres had empowered
him TO act for them at the annual meeting OF
tie directors to be held nt Frisco Utah. where
In his address said that he had been busy nll
summer trying TO secure proxies to be used at
aRement and that he would start with Mr.
cheerful heart; He told OF the difficulty he had
holders, from Mr. Francklyn and Mr.. Brown.
-, 81 have tried to got an explanation from
Joys. l have no.: boon nble to get u satisfactory
explanation. The. call loan, as traced by the
ISL i Was sI5u5oo ' II lsBS It had swsilsd to
ssol GSo3n: In 1853 1t was decreascd e s47l
yn and NJ Brown favor the he's are WITH
reports, but In the latter part OF 1886 the clamQr
became so pronounced that on Jun. OF this
mention Ii made OF the call loan but instead
appears tho tom accounts due company
II can mention that when Mr.. Francklyn and
Mr.. Brown stopped issuing tho reports. In 1884
and 1885. they and their friends unloadod their
md what collateral there is in the treasury Of
the company for that amount. 1t is tacitly ad-
united at the office Of the company. In the
Mills building. that tho money was loaned to
Mr.. Francklyn."
These. remarks were interiected by various
stockholders present.:
The Secretary of the company admitted to that Mr..
Francklyn had borrowed the money.
Another Stock holder-He did 1t with the old OF Vice
President Brown and 1t was mighty cool proceeding.
Another Stockhoder-I went 10 them and asked the IN
the character Of the collateral held for the and
pcfempt0rily refused the information.
sun anoher-They told me 4 was In Kentucky lands:
And Another-I understand the money has been used
to buy mine In Colorado
The foregoing were some Of tho statements
made by the irritated 81 stockholders In interrupt
Ink MIR. Washing on's address. Mr. Washing
ton closed by saying that strong effort would
be made at Frisco to compel Mr.. Francklyn
and Mr.. Brown to explain their conduct.